Poloniex Updates Its User Agreement as it spins out of Circle, to Comply with GDPR

Poloniex informs its customers of update to its User Agreement as it spins out of Circle.
From an email sent to customers of the exchange, Poloniex said the new user agreement will become applicable to the use of the Poloniex service on the 7th of November.
According to Poloniex, the changes to the User Agreement are made to provide customers of the exchange with greater clarity and certainty surrounding their use of the Poloniex services.
And that it’s part of the Poloniex team’s continuous effort to improve the performance of the exchange and to better serve its customers.
Owing to the spin off from Circle, the new firm Polo Digital Assets, Ltd will be in charge of processing customer’s personal information, including acting as the data controller in compliance with General Data Protection Regulation to where it applies.
The new firm Polo Digital Assets, Ltd according to the email, will continue to process customer’s personal information for the purposes for which it was provided or as otherwise set out in its privacy policy.
On the 18th of October, Poloniex announced through a blog post that will be spinning out from Circle to form a new entity that will exclude US customers.
According to the post, Poloniex revealed the new company will have the backing of a major investment group and it will enable it focus on the needs of global crypto traders with new features, assets and services. And for this, it intends spending $100 million for expansion and development.